Get selective with retail stocks: Pro

Certain segments of the retail sector still have room for growth, TheStreet CIO Stephanie Link says.

Certain segments of the retail sector still have room for growth, TheStreet CIO Stephanie Link said Thursday.

"I'm not that worried about the consumer because I do think that they have benefited from higher home prices, a little bit better wealth effect from the market," she said. "And also they're very selective."

On CNBC's "Fast Money," Link saw a positive sign in the fact that consumers were spending.

"They're at least still shopping," she said. "They're just shopping at certain places, like in the durable goods side of things. With wage growth actually flat, they have only a finite amount money to spend, but it's nice to see that at least they're going to the Lowe's and the Home Depots and the TJXs, and they're looking for value. So, I think there are areas in retail where you can invest. I would avoid some of the apparel companies, for certain."

Link also noted strength in a name such as Bed Bath & Beyond, which has seen positive same-store sales growth. That, she added, provided evidence that the consumer was strong.

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Trader disclosure: On Sept. 26, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Stephanie Link is long AAPL; Stephanie Link is long JPM; Stephanie Link is long WFC; Stephanie Link is long CSCO; Stephanie Link is long FB; Stephanie Link is long SLB; Jon Najarian is long AAPL; Jon Najarian is long PNC; Jon Najarian is long FB; Jon Najarian is long MSFT; Jon Najarian is long EEM; Jon Najarian is long BBBY; Jon Najarian is long NE; Jon Najarian is long DAL; Jon Najarian is long YHOO; Jon Najarian is long DNR; Stephen Weiss is long AAMRQ; Stephen Weiss is long LCC; Stephen Weiss is long M; Stephen Weiss is short JCP; Stephen Weiss is short GNW; Michael Murphy is long BAC; Michael Murphy is long C; Michael Murphy is long HTZ.